Hydrogenated Bisphenol

Global Hydrogenated Bisphenol-A (HBPA) Epoxy Resin Market, By Physical Form (Liquid and Solid), Application (E&E Coating, Industrial Coating, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

Hydrogenated bisphenol A (HBPA) is a chemical which is used to production of thermosetting polymer like epoxy resins. This is consequently used as raw materials in paints and engineering plastics in several end-use industries such as, automotive, building and construction and more. The HBPA epoxy resin market is mainly driven by its increasing application in paints and coatings such as in architectural coating, industrial coating, and more that utilizes HBPA epoxy resin to improve corrosion resistance. More, the surging demand from the electronics and electrical industry for protective coating is anticipated to fuel the HBPA epoxy resins demand, which is further enhancing the growth of the HBPA epoxy resin industry.    

Data Bridge Market Research analyses that the hydrogenated bisphenol-A (HBPA) epoxy resin market was valued at USD 2.00 billion in 2021 and is expected to reach USD 2.98 billion by 2029, registering a CAGR of 5.12 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Physical Form (Liquid and Solid), Application (E&E Coating, Industrial Coating, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa

Market Players Covered

Hexion (US), Atul Ltd (India), New Japan Chemical Co. Ltd. (Japan), Aditya Birla Chemicals (India), Kukdo Chemicals Co. Ltd. (South Korea), Anhui Xinyuan Chemical Co. Ltd. (China), SIR Industriale (Italy), LANXESS (US), Nagase America Corporation (US), and Huntsman Corporation L.L.C (US), Mitsubishi Chemical Holdings Corporation.(Japan), Milliken & Co group (US), Dow (US), Olin Corporation (US), Solvay (Belgium)

Market Opportunities

Market Definition

Bisphenol-A (BPA) is a colourless solid and this is an organic synthetic compound. Hydrogenation of bisphenol-A is performed by application of different solvent and catalyst combination under high temperature and hydrogen pressure. Solvent and Catalyst combination such as water and mesoporous silica-based nano ruthenium here water as solvent are applied in the hydrogenation procedure of bisphenol-A. Hydrogenated bisphenol-A (HBPA) is used to provide excellent colour stability and weather ability to epoxy resin. HBPA epoxy resin is prepared by HBPA and epichlorohydrin (ECH) as base materials under the coexistence of solid alkali metal hydroxides, such as a novel catalyst and sodium hydroxide. HBPA epoxy resin has properties such as high initial degradation temperature with high thermal stability with, rigidity, and flexibility.

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

The demand of Hydrogenated bisphenol-A (HBPA) arises due to Increase in global warming which increase the need to meet with future energy demands, this led to the expansion of wind and solar plant facilities. The HBPA epoxy resin, in liquid form, is extensively used in wind power applications. 

Robust growth of the construction industry in the countries is anticipated to drive the market during the forecast period. The construction industry is the second-largest industry in India, with a GDP contribution of about 9%. The construction industry decelerated down due to COVID-19, but a major share of projects in commercial space is likely to continue even during the forecast period.

HBPA epoxy resins are extensively used in the construction, paints and coatings, and electrical industry. The rise in demand for paints and coatings in the construction and building, this resins are also used as shielding coatings for high- voltage equipment such as insulators, transformers, electrical coatings in the power generation industry. These applications are anticipated to drive the market in the region.

Opportunities

Rise in awareness among people towards the eco-friendly and environment friendly products has driven the demand for electric vehicles because HBPA epoxy resins can decrease the weight of the body and improve the safety functions against electrical issues.

The HBPA epoxy resins are applied as an exterior protective coating for the protection of the vehicles from high temperature, which may damage the external body part of the automotive vehicles. The increasing automotive production is generating an opportunity for the growth of the HBPA epoxy resin in the market.

Restraints/ Challenges

HBPA epoxy resin is mainly used as a protective coating which protect the surface from the high temperature, because it can cause damage to the surface. However, there are certain health-related problems due to the presence of bisphenol A content in HBPA, which is not good for human health. The use of bisphenol A causes health-related problems such as cancer, heart-related issues, and for children, it is a more serious health issue. According to Environmental Protection Agency (EPA), HBPA content has been considered harmful for human health, which are the major market restrains that will obstruct the market's growth rate.

This hydrogenated bisphenol-A (HBPA) epoxy resin market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hydrogenated bisphenol-A (HBPA) epoxy resin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

The strict rules and regulations during Covid-19 pandemic impacted industrial production activities all over the world.  Due to this decline the production rate of paints and coatings, due to this HBPA epoxy industry suffered losses, as Hydrogenated bisphenol-A (HBPA) epoxy resin is used as a raw material in the production of paints and coatings. For instance, according to Japan Paint Manufacturers Association (JPMA), in the year 2019, the total paints and coatings production in Japan was 1,645,960 tons, and in 2020 it was 1,487,705 tons, a decline of 10.64%. This decline resulted in the drop in the market growth for the HBPA epoxy resin.

Recent Development

The hydrogenated bisphenol-A (HBPA) epoxy resin market is segmented on the basis of physical form and application.. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Physical Form

 Application

The hydrogenated bisphenol-A (HBPA) epoxy resin market is analysed and market size insights and trends are provided by country, physical form and application as referenced above.

The countries covered in the hydrogenated bisphenol-A (HBPA) epoxy resin market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

Asia-Pacific dominates the hydrogenated bisphenol-A (HBPA) epoxy resin market in terms of market share and revenue during the forecast period. This is due to the growing demand for hydrogenated bisphenol-A (HBPA) epoxy resin in this region. The Asia-Pacific region leads the hydrogenated bisphenol-A (HBPA) epoxy resin market, with China leading hydrogenated bisphenol-A (HBPA) epoxy resin market due to increase in demand from several applications. Due of the ease of high demand of hydrogenated bisphenol-A (HBPA) epoxy resin, China is leading the Asia-Pacific market.

During the projected period, North America is expected to be the fastest developing region due to the rising demand of re-usable hydrogenated bisphenol-A (HBPA) epoxy resin in retail sector in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

The hydrogenated bisphenol-A (HBPA) epoxy resin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hydrogenated bisphenol-A (HBPA) epoxy resin market.

Some of the major players operating in the hydrogenated bisphenol-A (HBPA) epoxy resin market are: